B.O.S. Better Online Solutions (NASDAQ:BOSC) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

B.O.S. Better Online Solutions (NASDAQ:BOSC) announced its quarterly earnings data on Thursday. The communications equipment provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03), Zacks reports. B.O.S. Better Online Solutions had a net margin of 7.14% and a return on equity of 17.04%. During the same period last year, the company posted $0.22 EPS.

B.O.S. Better Online Solutions Price Performance

Shares of NASDAQ:BOSC opened at $4.57 on Thursday. B.O.S. Better Online Solutions has a 1-year low of $4.10 and a 1-year high of $6.72. The firm has a market capitalization of $32.18 million, a PE ratio of 8.05 and a beta of 1.16. The business’s 50 day moving average is $4.70 and its 200-day moving average is $4.72. The company has a current ratio of 2.70, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen upgraded B.O.S. Better Online Solutions from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings raised shares of B.O.S. Better Online Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Finally, Alliance Global Partners started coverage on shares of B.O.S. Better Online Solutions in a report on Thursday, April 23rd. They set a “buy” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Hedge Funds Weigh In On B.O.S. Better Online Solutions

A number of hedge funds have recently made changes to their positions in the business. Militia Capital Partners LP acquired a new position in shares of B.O.S. Better Online Solutions in the 2nd quarter worth approximately $619,000. Susquehanna International Group LLP increased its holdings in B.O.S. Better Online Solutions by 134.7% during the 3rd quarter. Susquehanna International Group LLP now owns 55,551 shares of the communications equipment provider’s stock valued at $263,000 after purchasing an additional 31,887 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of B.O.S. Better Online Solutions by 13.7% in the fourth quarter. Renaissance Technologies LLC now owns 236,907 shares of the communications equipment provider’s stock valued at $1,080,000 after buying an additional 28,540 shares during the last quarter. Jane Street Group LLC bought a new position in shares of B.O.S. Better Online Solutions in the fourth quarter worth about $125,000. Finally, Goldman Sachs Group Inc. lifted its holdings in B.O.S. Better Online Solutions by 65.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 64,431 shares of the communications equipment provider’s stock worth $294,000 after buying an additional 25,589 shares in the last quarter. Institutional investors and hedge funds own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Company Profile

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.